EconWithNick on Nostr: You just can't make this stuff up... Aruba's central bank cites the Nigerian ...

You just can't make this stuff up... Aruba's central bank cites the Nigerian experience as a model to follow for introducing a CBDC and reducing cash use.

The Nigerian government created a cash shortage so bad it led to protests and riots!



At the time, I explicitly wrote that this experience was a cautionary tale about why CBDCs should be avoided. Yet, the central bank of Aruba seems to see the opposite.

Stuff like this is exactly why the HRF (npub17xv…c9as) CBDC Tracker is here.

https://cbdctracker.hrf.org/home